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Radhika Kumari

Things about PPF Account

Public Provident Fund (PPF) which allows us to save money on which no tax is levied. Returns on PPF enjoys Exempt-Tax Status. An investor can hold a PPF account in his or her name or even open one in the name of a minor. Despite having a lock-in period of 15 years, the PPF account offers partial liquidity through partial withdrawals and even loans. For premature closure, you must have completed at least 5 financial years. To reactivate an inactive PPF account, the subscriber has to visit the bank branch or post office.
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